Vienna-headquartered cypto FinTech Bitpanda has joined Solaris’ KYC platform.

Bitpanda will use the embedded finance company’s digital KYC tool to identify customers in Germany.

The move builds upon an existing partnership between the two firms, with Bitpanda already using Solaris as an issuer and processor for its debt card programme across the EEA.

Talking about the partnership, Maik Brodowski, commercial lead Germany at Bitpanda said: "To enable our customers to start trading within minutes, we strive to consistently provide a secure, compliant, seamless, and accessible experience when creating and opening their Bitpanda account, regardless of the market."

In June, Deutsche Bank announced the expansion of its partnership with Bitpanda to provide the Austrian crypto trading platform real-time payment services for transactions in Germany.

When customers deposit or withdraw fiat currency from Bitpanda, the transactions will go through Deutsche Bank.

Under the partnership, Deutsche Bank provides the FinTech with access to local German IBANs (International Bank Account Numbers) via API-based technology.

Earlier this year, Raiffeisenlandesbank NÖ-Wien (RLB NÖ-Wien) also expanded its partnership with Bitpanda to a further 55 banks in Burgenland and Lower Austria to allow customers to trade digital assets via its mobile banking app.

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